confidence level

The confidence level is the probability of covering the expected value of an estimated parameter with an interval estimated for the parameter (symbol 1 – a). The confidence level can be expressed as a number between 0 and 1, or in percent. The complementary quantity is known as the significance level.

**The term "confidence level" was found in the following pages:**

Comment: In some cases the confidence level is dictated by the needs of the situation.